ethanyayger
06.01.2021 •
History
A political cartoon of world leaders holding knives over a pie labeled China. The Emperor of China holds up his hands behind them. World leaders are England, Germany, France, Russia, and Japan. What does this political cartoon indicate?
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Ответ:
Alternative costs can best be described as giving up an opportunity to do something else when making an economic decision
Option B
Explanation:
Alternative cost is an economic term that refers to the value of a good / service otherwise specified. In other words, it means that one person loses the opportunity to choose an ''alternative'' to another product / service.
The formula and calculation of the opportunity cost is FO-CO (FO: return of the best alternative and CO option). This is a guide to more cost-effective decision making and must have access to the relative risk of each option relative to its ''potential return''.